Huading Nylon(SH:601113)2022-10-28 16:00Financial Performance - Operating revenue for Q3 2022 was CNY 1,690,393,258.20, a decrease of 11.67% compared to the same period last year[2]. - Net profit attributable to shareholders was a loss of CNY 87,784,908.37, a decline of 235.87% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was a loss of CNY 90,321,091.69, down 304.04% from the previous year[2]. - Basic earnings per share were CNY -0.08, a decrease of 228.17% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2022 was CNY 4,880,633,417.11, a decrease of 29.5% compared to CNY 6,925,251,091.72 in the same period of 2021[19]. - Total operating costs for the first three quarters of 2022 were CNY 5,098,680,148.46, down 24.6% from CNY 6,764,328,267.40 year-on-year[19]. - Net profit for the third quarter of 2022 was CNY 353,167,228.81, an increase of 55.2% compared to CNY 227,657,228.60 in the same quarter of 2021[20]. - Basic and diluted earnings per share for the third quarter of 2022 were both CNY 0.32, up from CNY 0.21 in the same quarter of 2021[21]. - The total profit for the third quarter of 2022 was CNY 421,177,515.14, an increase of 16.2% from CNY 362,375,398.56 in the third quarter of 2021[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,510,256,938.68, down 9.18% from the end of the previous year[3]. - Total liabilities as of the end of the third quarter of 2022 amounted to CNY 1,423,829,306.64, a decrease of 38.7% from CNY 2,324,916,256.65 at the end of the previous year[17]. - Total assets as of September 30, 2022, were CNY 5,079,725,264.11, down from CNY 5,469,634,387.15 at the end of 2021, a decrease of approximately 7.1%[28]. - Current liabilities decreased to CNY 443,231,597.97 from CNY 1,179,056,280.28, a reduction of about 62.4%, indicating improved liquidity management[30]. - The company's total liabilities decreased to CNY 498,548,338.64 from CNY 1,297,983,268.42, a significant reduction of approximately 61.6%[30]. Cash Flow - Cash flow from operating activities for the year-to-date was CNY 196,023,793.11, a decrease of 35.79% compared to the previous year[2]. - Operating cash flow for the first nine months of 2022 was CNY 4,335,519,357.29, a decrease from CNY 6,434,694,081.56 in the same period of 2021, representing a decline of approximately 32.5%[26]. - Cash flow from financing activities showed a net outflow of CNY 364,511,396.78, compared to a net outflow of CNY 188,958,455.39 in the same period last year, reflecting increased financing pressures[27]. - Cash flow from operating activities generated a net cash inflow of CNY 155,585,011.25 in the first three quarters of 2022, compared to a net outflow of CNY 5,623,707.88 in the same period of 2021[34]. - Cash flow from investment activities yielded a net inflow of CNY 348,854,805.00 in the first three quarters of 2022, compared to CNY 166,147,341.57 in the same period of 2021[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,815[9]. - The largest shareholder, Sanding Holdings Group Co., Ltd., holds 115,406,294 shares, accounting for 10.11% of total shares[10]. - The company reported a significant amount of pledged shares, with 54,428,298 shares pledged by shareholder Zou Chunyu[10]. Research and Development - Research and development expenses increased by 42.15% due to higher investment in R&D[7]. - Research and development expenses for the first three quarters of 2022 were CNY 97,386,216.56, up 42.2% from CNY 68,507,189.49 in the same period of 2021[19]. - Research and development expenses for the third quarter of 2022 were CNY 48,758,558.52, up 20.9% from CNY 40,304,999.36 in the same quarter of 2021[32]. Operational Challenges - The company faced operational risks due to the suspension of sales and freezing of funds on Amazon, with frozen funds amounting to ¥21.36 million, representing 3.23% of cash at the end of 2021[12]. - The company is experiencing challenges due to changes in cross-border e-commerce tax policies, which may impact its operations[12]. - The company has received approval for a non-public stock issuance, pending regulatory approval, which introduces uncertainty regarding its success[13]. Investment Performance - Investment income rose by 323.53% due to increased gains from the disposal of other non-current financial assets[7]. - The company received CNY 1,461,000,000.00 from investment recoveries in the third quarter of 2022, indicating strong investment performance[35].